# notifications
12 posts in `notifications` tag
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GST Updates: Key Changes and Announcements for the Week of 14th–20th January 2025
Significant changes were made to the GST this week (January 14–20, 2025) for both taxpayers and companies. Highlights include clarifications on e-invoicing thresholds, rate modifications for EV batteries and BPO services, GST Council meeting outcomes, and extensions for GSTR-3B reporting deadlines. To assist stakeholders in successfully navigating these changes, the blog discusses notices, compliance tactics, industry responses, and impending deadlines.
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By Krishna
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Essential GST Updates for Businesses and Taxpayers (Dec 10–16, 2024)
All of the major GST announcements and updates that were released between December 10 and December 16, 2024, are compiled in this blog. Input Tax Credit explanations, GST rate adjustments, e-invoicing updates, GSTR-1 filing extensions, and new features like filing NIL returns by SMS are all included. To guarantee seamless compliance and prevent fines, be informed.
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By Krishna
Innovative Move: Income-Tax Department Launches Automated Reconciliation System - APNOKACA Update
A pilot project was initiated in September 2022, resulting in updates to about 4,300 ITRs.
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By Krishna
Demystifying Taxation in India: Income Tax vs. TDS - APNOKACA Insights"
On the other hand, Tax Deducted at Source (TDS) is a mechanism where tax is deducted at the time of making certain payments such as salary, rent, or professional fees.
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By Krishna
RBI's Vigilance: Action Against Unauthorized Payment System in Card Network Intermediary - APNOKACA Update
The Reserve Bank of India has discovered that a certain Card Network had set up a system allowing businesses to make card payments through intermediaries to entities that don't accept card payments.
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By Krishna
2024-25 TDS Rate Chart Update: AY 2025-26 Insights - APNOKACA Guidelines
TDS, or Tax Deducted at Source, is a method introduced by the Income Tax Department of India to prevent tax evasion.
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By Krishna
Navigating Cash Transactions: Unveiling New Guidelines - APNOKACA Update
Introducing the "New Guidelines for Cash Transactions"! These rules are changing how we use cash.
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By Krishna
Direct Tax Collections Surge: 80% of Revised Estimates Achieved by February 10th - APNOKACA Report
To reach the target set in the revised estimates for the year, the government needs to collect Rs 3.85 trillion in approximately 50 days.
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By Krishna
Crucial Update: Revised TDS Rates for Inactive PANs - APNOKACA Advisory
The Income Tax Department has sent an important notice to Tax Deductors and Collectors, alerting them about the impact of having an 'Inoperative' PAN status on TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) rates.
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By Krishna
GST Department Notices: Businesses on the Radar - APNOKACA Update
According to Section 150 of the CGST Act of 2017, the notices were issued, requiring the assesses to provide a detailed explanation for the "underreported" input tax credits.
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By Krishna
Understanding Tax Limits: Depositing Cash in Savings Account without Attracting Taxes
To meet their banking needs, many people, including those with regular salaries, often open savings accounts to keep their money safe and earn interest.
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By Krishna
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April 1, 2024 Onwards: Crucial Insights on Updated Income Tax Return (ITR) Forms - APNOKACA Update
To streamline tax processes and improve transparency, the Income Tax Department has announced important updates to income tax return (ITR) forms.
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By Krishna